Geopolitics, the Great Wild-Card Risk, Re-emerges

Anxiety over a "spring swoon" has subsided, just in time for a fresh fear to worry the markets: geopolitics. Israel and Iran are now involved in the Syrian civil war, Hezbollah is on war footing, and the U.S. is looking weak and indecisive -- a volatile mix that may not subside until Bashar al Assad is gone, if then.

THE U.S. DITHERS: President Obama realizes that the public has soured on foreign entanglements and strongly opposes U.S. involvement in Syria. But his indecision and weakness will be highlighted...